Wednesday, July 05, 2023 12:25:17 PM
ABB Pros and Cons
Here are the benefits of AABB:
PROS
AABB rewards its loyal shareholder base for their continued support and interest in sharing the success and growth of the Company with a restricted common share dividend based on 1 dividend share for every 45 shares owned. - (source: https://aabbgoldtoken.com/about-us/)
Developed on the Ethereum Blockchain, AABB is an ERC-20 token.
AABB tokens are backed by $30 million in physical gold
They provide their own proprietary exchange system and wallet that can be used on iPhones, Androids and on desktop.
No data collection, and transactions are private.
60 trading pairs, including Ethereum, Litecoin and Bitcoin.
The wallet can send out funds to friends, family or businesses.
No deposit fee, and low transaction fees.
Their crypto payment system can be used via email, SMS and QR code.
CONS
AABB cannot be exchanged for physical metals.
Isn’t available on other exchanges.
Requires a basic understanding of the Ethereum network and gas-related fees.
KYC is required and must be approved prior to being able to use the exchange. This is not really a con and is required by most crypto exchanges already, but some can find KYC to be an inconvenience.
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